--Rolls-Royce is in talks with the British government about getting taxpayer support to help fund the development of a new plane engine for the next generation of narrow-body aircraft primarily used for short-haul flights, the Financial Times reports, citing unnamed sources.
--It isn't clear how much of the estimated 3 billion pounds ($3.90 billion) in development cost the U.K. engineering and defense company is seeking in assistance from the government, but Rolls-Royce is ready to invest significant sums itself into the project, FT reports.
--Rolls-Royce declined to comment to the FT on the government talks.
Full story: htTps://shorturl.at/5Ybhw
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
April 03, 2025 04:55 ET (08:55 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.